The collapse of crypto exchange FTX and its grant-making body, the FTX Future Fund, has left some researchers at top universities without the funds they were promised and others trying to repay grants before they could be ordered to, Reuters reported. Launched in February 2022, the FTX Future Fund was part of the FTX Foundation, the philanthropic arm of Sam Bankman-Fried's crypto empire that fell apart last year. Federal prosecutors in Manhattan have accused the FTX founder of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research. He denies wrongdoing. On Nov. 11, 2022 — the same day that FTX filed for bankruptcy — the team behind the fund announced that they had resigned and would be unlikely to honor their commitments to those awarded grants. The FTX Future Fund supported research into topics that "improve humanity's long-term prospects" and was funded primarily by Bankman-Fried. It aimed to spend between $100 million and $1 billion in its first year, without disclosing its endowment. The fund had spent $132 million across 262 grants and investments as of June 2022. Announcements indicate there were at least 20 researchers at top universities who received grants of more than $100,000 each. University-linked research projects received more than $13 million in total. (Subscription required to view article.)